AQR Capital Management LLC Has $5.53 Million Position in American Homes 4 Rent (NYSE:AMH)

AQR Capital Management LLC increased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 120.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,563 shares of the real estate investment trust's stock after buying an additional 81,218 shares during the quarter. AQR Capital Management LLC's holdings in American Homes 4 Rent were worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent during the 4th quarter valued at approximately $26,000. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its position in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after buying an additional 392 shares during the period. Assetmark Inc. increased its position in American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 375 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Up 0.9 %

Shares of AMH stock traded up $0.34 during trading hours on Friday, reaching $38.70. 1,184,252 shares of the stock were exchanged, compared to its average volume of 2,174,513. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company's 50-day moving average price is $36.55 and its 200-day moving average price is $36.44. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the transaction, the director now directly owns 12,000 shares of the company's stock, valued at approximately $281,040. This represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now directly owns 99,214 shares in the company, valued at approximately $3,870,338.14. The trade was a 29.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James boosted their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday. Evercore ISI boosted their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Royal Bank of Canada upped their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.64.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.